Invesco High Income 2023 Target Term Fund Announces Monthly Dividend of $0.04 (NYSE:IHIT)

Invesco High Income 2023 Target Term Fund (NYSE:IHIT – Get Rating) announced a monthly dividend on Tuesday, May 3rd, Wall Street Journal reports. Shareholders of record on Monday, May 16th will be paid a dividend of 0.044 per share on Tuesday, May 31st. This represents a $0.53 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date is Friday, May 13th.

Invesco High Income 2023 Target Term Fund has decreased its dividend payment by an average of 2.0% annually over the last three years.

Shares of NYSE:IHIT opened at $8.73 on Wednesday. The stock’s 50-day simple moving average is $8.74. Invesco High Income 2023 Target Term Fund has a 1 year low of $8.40 and a 1 year high of $10.11.

Several institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Invesco High Income 2023 Target Term Fund by 16.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,343,084 shares of the company’s stock worth $12,584,000 after buying an additional 190,904 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Invesco High Income 2023 Target Term Fund during the fourth quarter worth about $388,000. LPL Financial LLC grew its position in shares of Invesco High Income 2023 Target Term Fund by 3.6% during the fourth quarter. LPL Financial LLC now owns 35,193 shares of the company’s stock worth $330,000 after buying an additional 1,239 shares in the last quarter. Finally, UBS Group AG grew its position in shares of Invesco High Income 2023 Target Term Fund by 97.2% during the third quarter. UBS Group AG now owns 4,451 shares of the company’s stock worth $44,000 after buying an additional 2,194 shares in the last quarter.

About Invesco High Income 2023 Target Term Fund (Get Rating)

Invesco High Income 2023 Target Term Fund is a closed ended fixed income mutual fund launched and managed by Invesco Advisers, Inc The fund invests in fixed income markets of the United States. It also invests in real estate debt securities including commercial mortgage-backed securities. The fund employs fundamental analysis with bottom-up approach to create its portfolio.

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